The most recent monthly jobs report shows the non-seasonally adjusted Houston unemployment rate for August was 5.8 percent, unchanged from the previous month, according to the Texas Workforce Commission. A total of 6,800 Houston jobs were added on a seasonally adjusted basis during the same reporting period.
Across the state, the seasonally adjusted unemployment rate was 4.7 percent in August, up 0.1 percentage points from the month prior and up 0.3 percentage points from this time last year. Month over month, Texas added 21,400 jobs on a seasonally adjusted basis.
What does the Houston jobs report mean for area employers?
According to Robert Half Senior Regional President Mark Malone, “Houston unemployment [TAS1] held steady over the month, but we’re still seeing strong competition for skilled talent across multiple industries, including oil and gas.” Malone advises employers to stand out in the current market by ensuring they’re offering competitive compensation. “Salary will always be an important part of the equation when it comes to recruitment. To attract skilled applicants, you need to make sure your salary offerings are in line with industry standards,” Malone says. He suggests employers benchmark their starting salaries against the averages reported in the Robert Half 2017 Salary Guides.
From there, Malone encourages managers to work on building a comprehensive benefits package. “Candidates in today’s market can afford to be more discerning, and benefits can be just as important as monetary compensation when it comes to staffing Houston jobs,” he says. Advertise the standard retirement savings plans and insurance coverage if you offer them, but consider branching out to broader offerings like employer-sponsored professional development programs and volunteer opportunities. “Even alternatives like employee rewards programs can help sell your company culture and get skilled talent through your door,” Malone adds.
In search of top talent for Houston jobs? Your local Robert Half recruiter can help. Call (855) 407-4735.